Wilmington Trust Corp. (WL)
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- General Discussion on WL
- Bank Stocks Down 11.56% Yesterday [view article]
- The Advantage of Net Payout Yields [view article]
- Bank Exposure to Freddie/Fannie Securities: Do Your Homework [view article]
- Four Banks' Pragmatic Mortgage Resolution [view article]
- The 20 Highest of the High-Yield Dividend Aristocrats [view article]
loading ...Recent WL Articles
- Bank Stocks Down 11.56% Yesterday
- Being Short New York - Fast Money Recap (9/22/08)
- Bank Exposure to Freddie/Fannie Securities: Do Your Homework
- The Advantage of Net Payout Yields
- Negative Sentiment Continues for Financials
- Four Banks' Pragmatic Mortgage Resolution
- The 20 Highest of the High-Yield Dividend Aristocrats
- Dividend Analysis: Wilmington Trust
- Wilmington Trust: Dividend Analysis
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Earnings Schedule and Estimates for Friday, July 21, 2006
on Jul 21, 2006| by
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Bank Stocks Down 11.56% Yesterday [view article]
MI has upside resistance at around $30 / share... I intend to start off-loading shares, graually, above $25, just to be cautious. I hope to meet with *****, this afternoon, to get a better fix on this. Right now, we're sitting in deeply oversold territory. ReplyBank Stocks Down 11.56% Yesterday [view article]
Yes! Capitulation has finally happened! I'm looking at MI and once I'm sure, that everyone who wants to sell, has sold, I intend to pull the trigger! MI is one of the very few banks, which acted pro-activly to raise capital, long before this became a crisis... She sold a data-processing concern, one which I wanted her to sell, even had there been no capiatal reason for doing so. MI is the parent company of Southwest Bank, in Saint Louis (the one that is often the first to drop (raise) rates, when the fed moves. She's even suspended construction of some new branches, in Saint Louis, until things are stable. She's third on a (blanked-out) list of banks, which are in good shape (two banks are better, but I have no idea what they are). Also, the mortgage bailout has covered her (locally), with respect to the closing of our auto plants, which would have surely caused defaults to occur, in the saint Louis area. I want to verify that the market agrees with me, before I increase my holdings, but accumualtion seems to be in order. A well-deserved reward, for one of the few, "who saw this coming and took the necessary steps." ReplyBank Stocks Down 11.56% Yesterday [view article]
The plug protection team bought to squeeze the shorts Thursday and Friday, to goose the settlement price on options as high as possible for Friday expiration. As soon as they were past that, they sold. That is all.Also, the bailout was believable on Friday, but Monday we got to see what the Dems plan to do with it. And the answer is wreck it thoroughly with insane unworkable class warfare riders. So people basically decided on Monday that the bailout was a sham and either wasn't going to happen or wasn't going to help.
People are still uncertain. But until they see a deal in ink they aren't going to believe this braintrust isn't going to screw the pooch yet again. And if the deal is "oh and you have to give us the bank, and make mortgages credit card loans and never foreclose", and such utter rot, then the government can spend as much as it likes and it won't make the slightest difference. Nobody who isn't already bankrupt will take such terms, so it won't save anything, anyway.
The whole point of the Paulson plan was to get the bad paper *out* of the banking system. Make the terms into "if and only if you've failed and want to be nationalized and turned into arms of HUD", then nobody will sell to them and it won't have the slightest effect.
These people are not fit to run a McDonalds... Reply
Bank Stocks Down 11.56% Yesterday [view article]
Don't give us that BS about "why buy when the shorts will be back". No one is buying because there is no known value in these stocks and the weak shorts have been taken out. Having shorts creates buying interest in case you aren't aware. Give us some info about the amount of the short interest in these companies and how much that changed between last week and the week before.Alternatively, go look at the 1932 witch hunt against the shorts only to have the market continue to meltdown for several months after the fact. Why? Because there were no buyers left and stocks simply hadn't found their level. Reply
Capital
The Advantage of Net Payout Yields [view article]
Yes, reverse dilution definitely beats the alternative of stock option dilution that eats into the profits of most tech stocks. ReplyThe Advantage of Net Payout Yields [view article]
Excellent advice. I have always held that share buyback programs should be taken in to account when evaluating a particular stock. As these shares are taken off the market your shares become more valuable, it's nothing more than dilution in reverse. A look at real numbers is helpful too as opposed to percentages. (i.e.) Would you rather have 50% of $10.00 or 10% of $100.00? This is especially true when looking at increases in sales and profits. When an article says that a company has a 10% sales or profit increase, look to see 10% of what! ReplyThe Advantage of Net Payout Yields [view article]
Excellent information and advice. Make very good sense and really practical for older investors. ReplyBank Exposure to Freddie/Fannie Securities: Do Your Homework [view article]
Thanks for the info. Know what to do tomorrow. Keep on doing the good work, it certainly helps many investors. ReplyBank Exposure to Freddie/Fannie Securities: Do Your Homework [view article]
THX for the info,Where did you get it?
Anything on: FBC, ZION, MI RF, UMPQ ???
Reply
Bank Exposure to Freddie/Fannie Securities: Do Your Homework [view article]
I believe the writer fails to differentiate between the preferred which is likely worth little from FNMA and Freddie Mac debt which is a high quality credit. ReplyBank Exposure to Freddie/Fannie Securities: Do Your Homework [view article]
thank you for the homework! keep it up! ReplyBank Exposure to Freddie/Fannie Securities: Do Your Homework [view article]
good data. ReplyBank Exposure to Freddie/Fannie Securities: Do Your Homework [view article]
nice summary, thx. ReplyLathrop
Four Banks' Pragmatic Mortgage Resolution [view article]
I thought this was an extremely well-written article. It frankly dealt with the weakness in the sector and suggested how these four institutions may fare better in the long run. I especially enjoyed this extremely diplomatic sentence."While all four banks claim that they hold no subprime, most of them have experimented in adjustable rates and home equity loans and lines."
I think the word "experimented&quo... encapsulates the problem in the sector as a whole. Some college kids "experiment" with drugs. Most turned out okay if it was just an experiment. However, crack and methamphetamine smokers have said that the addiction was immediate, with no experimentation phase, and the habit was hard to break, causing much distress, sometimes ending in death.
So what's the toxicity level of these suspect loans? The only way to determine the level of default or near default loans would be to increase communication with every customer of their loan products as their fortunes are intertwined.
Banks can no longer wait for loans to be 30 or 60 days late before they act to assist a homeowner, otherwise, they risk having their balanced sheet impaired through these nonperforming loans, death from a thousand needles. The advent of electronic loan processing made underwriting loans so impersonal, in order to forestall rising defaults, loss mitigation and customer relations will need to "get to know the customer all over again" so a realistic picture of a lending portfolio can be made. Only when banks truly know which loans are genuine and which are fraudulent or in need of renegotiation will uncertainty lift from the sector and clarity can be achieved.
The downside to this is that the costs of servicing these loans are labor intensive to make up for the lack of due diligence at underwriting. That will lower profits. But it will bring underwriters and borrowers closer together, restoring a traditional banking relationship with its risks and returns. If every bank could cultivate that relationship we wouldn't need the GSCs. But that would be the rational thing to do and as irrational people, it will never happen. Reply
Four Banks' Pragmatic Mortgage Resolution [view article]
I didn't see anything about a rate freeze in the WFC earnings statement. They did say that at current short term rates, nearly all their ARMs will be resetting to the same or lower rates over the rest of the year. Reply